Certified financial planner Meg Green tackles a Miami resident’s question of whether bankruptcy is the right course of action for a newlywed couple that owes more on their house than it’s now worth. While it’s a difficult situation and the pressures are very real, bankruptcy is usually an option of last resort. She urges ample patience with the depressed regional real estate market, and suggests negotiating with the lender to see if new financing can be arranged.
Advice for homeowners under water
|Tightening of loose cables preceded FIU bridge collapse that killed at least 6: Sen. Rubio|
|Brown Harris Stevens promotes Phil Gutman to president of Miami brokerage|
|Sonny Kahn buys neighboring Golden Beach oceanfront property for a big markdown|
|Developer Andy Ansin, son of billionaire, sells Coral Gables spec mansion|
|Rising construction costs challenge multifamily developers: panel|